Income Producing Property
Income producing property! This 158.3 acres comes with all owned mineral rights and 100% of the wind right. There are 3 wind turbines on the property that have annual income. (A copy of the lease can be provided upon request.) If youre looking for a weekend recreational property or a rural homesite, take a look at this one.
Acreage:
This is a 158.3 acre stock farm located in Nolan county, Texas. The property has had some acreage in CRP for the last several years, but that will be expiring this year. The property is fenced and cross fence and has 3 wind turbines on the property. There is brush cover of cedar and mesquite on the south side of the property which provides adequate cover for wildlife.
Terrain:
The terrain is level to slightly sloping from north to south. There is a draw running out the south boundary of the property.
Water:
Water is provided by water well, its 290' deep...
Water is provided by water well, its 290' deep and pumps approximately 20 GPM. The well has 1 horsepower submersible pump and concrete reservoir for gravity feeding water trough.
Improvements:
The property has pipe constructed corrals, two grain silos, and is crossed fenced. There is electricity located near the location of an old homesite.
Recreation:
Property has native wildlife in the area for hunting.
Minerals:
All owned minerals and wind rights will convey with the property. There are 3 wind turbines on the property and the current owner owns 100% of the wind rights. The income from the wind income has been $12,000 the last couple of years which is the minimum payment allowed by the lease.
Directions
Located on the Nolan County and Taylor County line, the property lies in the southwest intersection of FM 126 and County Road 198. The property is located about 25 southwest of Abilene Texas and about 19 miles southeast of Sweetwater Texas.
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